Abstract

A recurring theme, which still raises discussions, the personal responsibility of the partners for the obligations of the company in which they participate, especially when the premise of limited liability is present, must be better understood. The allocation of risks, natural to business activity, certainly has to take into account the hypotheses in which the personal assets of the partners are responsible for any social debts, and this analysis depends directly on the definition of the boundaries that limit this responsibility. This is an issue of great importance, under the usual comparison between the necessary security for the smooth flow of business relations, and the prestige of the constitutional principle of free initiative, translated, in this case, into certain equity guarantees for those who venture to participate in a business society.

Full Text
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